Income Per Common Share

12 Months Ended

Sep. 30, 2013

Income Per Common Share [Abstract]

Income Per Common Share

6.Income per Common Share

Basic net income per share was computed by dividing net income available to common stockholders for the period by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share was computed by dividing net income available to common stockholders for the period by the weighted average number of shares of common stock that would have been outstanding assuming dilution from stock-based compensation awards during the period.

Unvested stock-based compensation awards that contain non-forfeitable rights to dividends are treated as participating securities and included in the computation of earnings per share pursuant to the two-class method. The Company’s time vested restricted stock is a participating security. The following table sets forth the computation of net income per share for the years ended September 30:

(Dollars in Thousands, Except per Share)	2013		2012		2011
Basic Net Income per Share:
Net income attributed to Landauer, Inc.	$	4,836	$	19,270	$	24,538
Less: Income allocated to unvested restricted stock		165		137		129
Net income available to common stockholders	$	4,671	$	19,133	$	24,409
Basic weighted averages shares outstanding		9,434		9,389		9,395
Net income per share – Basic	$	0.50	$	2.04	$	2.60
Diluted Net Income per Share:
Net income attributed to Landauer, Inc.	$	4,836	$	19,270	$	24,538
Less: Income allocated to unvested restricted stock		165		137		129
Net income available to common stockholders	$	4,671	$	19,133	$	24,409
Basic weighted averages shares outstanding		9,434		9,389		9,395
Effect of dilutive securities		48		48		82
Diluted weighted averages shares outstanding		9,482		9,437		9,477
Net income per share - Diluted	$	0.49	$	2.03	$	2.58